16. John wants to open a bakery shop. His cost function will be C(q) = 50 + q2. He would be able to charge a
16. John wants to open a bakery shop. His cost function will be C(q) = 50 + q2. He would be able to charge a constant price p for each unit of product. What is the lowest price such that he would earn nonnegative prots and enter the market? (a) 25 (b) 20 (c) 15 (d) 10 (e) 5
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